This study focuses on the impact of assets and liabilities on the performance of listed brewing companies in Nigeria. Conducting reasonable research to determine the impact of assets or liabilities on the financial performance of Nigerian listed brewing companies, assessing the impact of credit turnover (CTR) on the performance of Nigerian listed brewing companies and assessing their impact. I rated it. Study the impact of inventory turnover (ITR) on the performance of listed breweries in Nigeria, study the impact of cash rationing (CR) on the performance of listed breweries in Nigeria, study the impact of fixed asset turnover (FATR) ). About operating services from a listed brewery company in Nigeria.

The source of data collection used for this study is secondary data. The preliminary stage of this study was essentially the collection of data from journals, publicists, libraries, the Internet, and relevant literature obtained from annual reports of the Nigerian and Guinness breweries. Financial reporting accounts are used extensively. One of the conclusions from the previous study’s research is that these assets and liabilities affect the performance of Nigerian breweries and the Guinness Brewery Company.


The brewing industry is the largest source of foreign direct investment (FDI) in the country, excluding the telecommunications industry and the oil and gas sector. These investments include Heineken’s investment in Nigeria Breweries Plc. This is the largest investment outside of Europe. It also became a major shareholder of the merged Breweries Plc. 50.2% (Omolara, 2006). The Nigerian beer market is currently a 15mhl market, a prime example of a duopoly (Ahmed, 2010). Although there are a few marginal players, the market is dominated by Nigerian brewery Plc. Guinness Nigeria Plc. has a combined market share of 80%. From a holistic perspective, this level of concentration is even more pronounced when looking at the underlying ownership of the two brewers.
Majority owned by NB Heineken and Guinness Nigeria Plc. Diageo Group owns majority.

The global brewing market has become increasingly concentrated over the past 5-10 years, with a wave of mergers between major brewers and diversification of investments outside of geographic location. All of these are aimed at controlling the market and maximizing shareholder wealth. Growing market dominance that drives shareholder wealth maximization is highly dependent on certain company-specific factors such as: B. Continued Profitability. A company’s profit maximization depends on the efficient management of costs and production processes, and the increase in revenue through the company’s market dominance. One of the factors that greatly affect a company’s profitability is the company’s working capital.

Liquid assets account for more than half of total assets in the manufacturing industry. Excess working capital can easily result in a company’s below-average return on investment. However, when working capital is low, shortages can occur and affect its operations, Horne and Wachowiz (2005). The company is responsible for paying its current liabilities when they come due. Efficient working capital management manages working capital and liabilities in a way that eliminates the risk of not meeting short-term commitments and avoids overinvesting working capital.

Managing this short-term asset is just as important as managing long-term financial assets as it directly contributes to maximizing a company’s profitability, liquidity and overall performance. As a result, companies can reduce risk and improve overall performance by understanding the role and drivers of working capital (Lamberson, 2006).  It is important for companies to maintain liquidity so that they can meet short-term obligations on time. Increasing profits at the expense of liquidity exposes companies to serious problems such as bankruptcy and bankruptcy. On the other hand, too much working capital wastes money and ultimately reduces profitability (Chakraborty, 2008). Therefore, liquidity is also very important for companies. These he must find a compromise between these two corporate goals, both equally important, so that one goal is not achieved at the expense of the other. A company cannot survive without profit. On the other hand, if we do not secure liquidity, we will face bankruptcy and bankruptcy issues. For these reasons, working capital management should be given due consideration as it will ultimately affect the profitability of the business.

Management of this short-term asset is as important as management of long-term financial assets as it directly contributes to the profitability, liquidity and asset maximization of the company.

Business organization is seen as an integral part of a healthy and dynamic economy. By creating jobs and fighting poverty around the world, they make a significant contribution to economic growth and sustainable development. Manufacturing companies in Nigeria are experiencing distress syndrome due to poor working capital management. In line with this view, research shows that many corporate organizations are doomed, some leaving the country to survive in other African countries, and survivors of those countries still suffering from liquidity problem syndrome. (Salayu & Alao, 2014; Lawal, Abiola & Oyewole, 2015).

Working capital management is recognized by academics, researchers and accountants as a panacea for an organization’s survival in a competitive global environment. Eya (2016) argues that working capital management is an important part of business investment that is essential for ongoing business operations. Angahar and Alematu (2014) also confirm that efficient working capital management is important to the financial performance of companies of all sizes and also serves as a key indicator of a company’s sound financial health. Similarly, Padachi (2006) argues that working capital management is critical to the financial health of companies of all sizes. Sanusi (2006) also supports previous work that working capital is the lifeblood of a corporate organization as it acts as a pool of liquid assets that provides a net of safety to creditors. It provides liquidity reserves to meet contingencies and the ever-present uncertainty of a company’s ability to cover cash outflows with adequate cash inflows. According to Akinlo 2011, poor or inefficient working capital management ties up funds in idle assets, thereby reducing a company’s liquidity and profitability.

Eya (2016) defines working capital as funds tied to materials, work in process, finished goods, receivables, cash and cash equivalents. Falope and Ajilore (2009) also view working capital as the surplus of working capital provided by long-term creditors.


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